Avis Budget Group stock misses Q2 estimates as EPS falls to USD 0.98

Published on 09/30/2026 at 14:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Avis Budget Group stock reported USD 2.998 billion in Q2 revenue on July 28, 2026. Zacks upgraded its rating to Hold, while the consensus target stood at USD 135.57.

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Avis Budget Group (ISIN US1398981054) reported diluted Q2 2026 EPS of USD 0.98 against a USD 2.05 consensus estimate, putting the earnings shortfall at USD 1.07 per share. Avis Budget Group published the results for the quarter ended June 30, 2026, on July 28, 2026.

Q2 revenue reaches USD 2.998 billion

Revenue reached USD 2.998 billion in Q2 2026, down 1.30 percent from the prior-year quarter and below the USD 3.10 billion consensus estimate. The comparison shows that the earnings pressure extended beyond per-share profit.

The quarter still generated net income of USD 63.0 million and Adjusted EBITDA of USD 286.0 million, according to the company investor-relations release. Those figures give the result a mixed profile: operating earnings remained positive while diluted EPS missed the market estimate.

Guidance keeps operating debate alive

On the Q2 earnings call, Fortune reported that Avis reiterated full-year Adjusted EBITDA guidance of USD 850.0 million to USD 1.0 billion. The range places execution in the peak rental season at the center of the outlook.

The earnings call also described a split operating picture. Americas Adjusted EBITDA grew 7.70 percent year over year while Americas revenue declined 1.90 percent, and international Adjusted EBITDA fell 11.00 percent as variable costs increased.

Analyst targets remain divided

MarketBeat reported on September 3, 2026, that Zacks Research upgraded Avis Budget Group from Strong Sell to Hold. The same report cited a consensus Reduce rating and an average target of USD 135.57.

Analyst views are not uniform. TradingView carried Morgan Stanley's reduction of its price target from USD 99.00 to USD 95.00 while maintaining an Equal Weight rating. The lower target contrasts with the wider consensus target and reflects the importance of profitability and fleet economics.

Market value reflects high volatility

Avis Budget Group had a market capitalization of USD 3.8 billion as of September 29, 2026. Its 52-week range was USD 85.96 to USD 847.70, a spread that underscores the exceptional volatility surrounding CAR.

For investors, the key comparison is between the positive operating result and the earnings miss. Revenue, Adjusted EBITDA, the guidance range and analyst targets will determine whether the company can convert peak-season demand into more consistent per-share earnings.